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11-03-2012, 03:27 PM
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Join Date: Apr 2005
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Originally Posted by smackdaddy View Post
The $100 mill was already being invested by the province in the form of infrastructure to support the arena.
MSI is NOT the province investing and supporting an arena. It is a fund granted to municipalities that they can use to help fund projects as they see fit. Theres not one more dime coming to the city from the province for the city fronting all the money in a "Katz" arena.

In essence the city has to take MSI money that they can use, or even planned to use, for other projects, and instead defer it to the Katz arena.

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